Following are selected accounts for Gemini Corporation and Mars Company as of December 31, 2015. Several of Gemini's accounts have been omitted.

• Gemini Mars
• Revenues $900,000 $500,000
• Cost of Goods Sold 360,000 200,000
• Depreciation expense 140,000 40,000
• Other expenses 100,000 60,000
• Equity in Mars' Income ?
• Retained Earnings, 1/1/15 1,350,000 1,200,000
• Dividends 195,000 80,000
• Current Assets 300,000 1,380,000
• Land 450,000 180,000
• Building (Net) 750,000 280,000
• Equipment (Net) 300,000 500,000
• Liabilities 600,000 620,000
• Common Stock 450,000 80,000
• Additional Paid-in Capital 75,000 320,000 Gemini acquired 100% of Mars on January 1, 2011, by issuing 10,500 shares of its $10 par value common stock with a fair value of $95 per share. On January 1, 2011, Mars' land was undervalued by $40,000, its buildings were overvalued by $30,000, and equipment was undervalued by $80,000. The buildings have a 20-year life and the equipment has a 10-year life. $50,000 was attributed to an unrecorded trademark with a 16-year remaining life. There was no goodwill associated with this investment. The book value of Mars at Jan 1, 2011 was 857,500. Compute the December 31, 2015, consolidated land.

Multiple Choice

• $180,000.

• $220,000.

• $630,000.

• $670,000.

• $450,000.